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MailTribune.com
  • Local business

  • Pacific Retirement Services said Tuesday it has completed $60.2 million in bond financing for Rogue Valley Manor.
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  • Pacific Retirement Services said Tuesday it has completed $60.2 million in bond financing for Rogue Valley Manor.
    The Oregon Revenue Refunding Bonds, Series 2013A, were issued by the Hospital Facilities Authority of Medford for the Rogue Valley Manor.
    The bonds have a maturity date of 2042 and sold at a 5 percent coupon with a yield of 4.35 percent, 1.29 percent more than the AAA General Obligation curve. Cain Brothers was the underwriter for the fixed-rate bonds.
    PRS said the bond financing reduced the Manor's bank exposure, while maintaining an attractive interest rate.
    SHADY COVE — The Shady Cove City Council will present its Small Business Award on Thursday to Fred Thomas, owner of Shady Cove Market.
    Shady Cove Market has been in business since 1996 and employs 22 people.
    The market has been a contributor to the Shady Cove Pantry for almost 15 years and Thomas has been an active member of the community, serving on the school board for seven years.
    Compiled from staff reports
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